EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 1.61882 will persist.
Caution: A possible counter-trend in the direction of resistance at 1.62324 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.61882 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.62324 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62743 |
| 2nd High | 1.62524 |
| Next High | 1.62324 |
| Current Price | 1.61913 |
| Next Low | 1.61882 |
| 2nd Low | 1.61689 |
| 3rd Low | 1.61260 |